TX HJR43

Proposes a constitutional amendment to provide a complete property tax exemption on residence homesteads for persons 72 years of age or older who have received a homestead exemption on the property for at least 10 consecutive years

Extends the full exemption to surviving spouses who were at least 55 years old when the qualifying spouse died, provided the property remains their residence homestead

Allows political subdivisions to continue collecting property taxes on exempt homesteads if the revenue was previously pledged for debt payments until that debt is discharged

Requires the legislature to create formulas protecting school districts from revenue losses caused by this exemption

Would take effect January 1, 2026, if approved by voters at an election scheduled for November 4, 2025